Eurozone doesn’t own it’s own crypto currency!

Carl-Ludwig Thiele, a board member of the Bundesbank, one of Europe’s largest banks, has confirmed that the Eurozone is not considering a digital currency.

He said:

“Digital central bank money analogous to cash is currently not planned.”

This statement contradicts a previous statement by Federal Reserve Chairman Jens Weidmann that a digital currency comparable to Bitcoin could potentially protect European citizens. Thiele also warned investors that significant losses were possible.

He explained:

“We see a rapid increase in value, which at the same time brings the risk of rapid losses.”

Regulation?

The European Central Bank had already proposed to regulate digital currencies (such as Bitcoin). This is in contrast to other statements that say the government is unable to regulate crypto currencies. BaFin President Felix Hufeld said that the regulators in cryptocurrencies must “stay on the ball” and still have much to learn on this topic.

“We are all working to understand the topic and expand our know-how.”

Some high-profile personalities (such as Nobel laureate and economist Joseph Stiglitz, on the other hand) hold the opinion that z. For example, the crypto currency Bitcoin should be banned.

Despite the rejection of the concept in the Eurozone, other countries still consider state crypto currencies. Russia and Dubai have both started to work towards nationalized digital currencies.